Rochdale-headquartered Footasylum's profits spiked after fans returned to its stores when Covid-19 restrictions were lifted, it has been revealed.
The company's sales also surged during its latest financial year ahead of Bury's JD Sports being forced to sell the chain for a £50m loss over competition concerns. Footasylum is now owned by Germany-based asset management group Aurelius Group. It was originally bought by JD Sports in March 2019 for £90m but the giant sold it earlier this year for £37.5m.
Newly-filed accounts for Footasylum have revealed its pre-tax profits for the 12 months to January 29, 2022, jumped from £348,000 to £11.1m while its sales went from £232m to £280.8m. Footasylum's store sales increased from £95.8m to £143.7m while its online revenue rose from £125.8m to £128.6m. However, wholesale declined from £10.3m to £8.4m.
